Deutsche Bank analysts are suggesting that Europe’s chasing of high ESG standards may be pushing controversial companies to the US, where ESG is less important to investment decision making.
Among these industries which are seen to be harmful are defence and tobacco, which are struggling in Europe.
The US is beginning to catch up, however. The Securities and Exchange Commission recently announced that it would impose stricter regulations on greenwashing and soon there may be no where for these industries to go.
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